Discuss the following:
Read the following: The leader of a local health care organization, Ken Janowski, has noticed other health care organizations successfully incorporating strategic management practices. Ken is considering using strategic management for his health care organization. He has hired you to research what the strategic planning development and implementation process is and to address why it helps organizations be successful.
Create a word limit of 700- to 1,050-word report of your findings in which you answer the following questions:
1. What are the major components of strategic management, and why is each component needed for success?
2. How are an organization’s mission and values important to strategy formulation?
3. What benefits does a strategic management process bring to a health care organization?
4. How does strategic management affect organizational decision making and financial performance?
5. How does strategic management affect the way an organization responds to its environment?
You must Cite a minimum of two scholarly references to support your information.
You must Format your report consistent with APA guidelines.
Strategic Planning Report
The leader of a local health care organization, Ken Janowski, has noticed other health care organizations successfully incorporating strategic management practices. Ken is contemplating the use of strategic management for his health care organization. He has hired you to research what the strategic planning, development and implementation process is and to address why it is successful.
• Explained the major components of strategic management and why each component is needed for success
• Explained how an organization’s mission and values are important to strategy formulation
• Explained the benefits a strategic management process brings to a health care organization
• Explained how strategic management affects organizational decision making and financial performance
• Explained how strategic management affects the way an organization responds to its environment
• Paper is 700 to 1,050 words in length.
• The introduction provides sufficient background on the topic and previews major points.
• The conclusion is logical, flows, and reviews the major points.
• At least two scholarly references are included that support information.